SCOTLAND’S only oil refinery, which is set to close with the loss of hundreds of jobs, has posted record profits of more than £100 million,…
first reported that Petroineos Manufacturing Scotland Limited, which owns and operates the oil refinery at Grangemouth, posted pre-tax annual profits of £107.4m.
"The UK has made billions from North Sea oil. They’re providing hundreds of millions to Ineos to open a plant in Belgium and have funded foreign battery plants in England to a similar tune. It's time a modest sum was given to Grangemouth from all the billions taken from the North Sea to shore up Scotland’s economy."
“Workers and their families in the Forth Valley and across Fife have given decades of their lives to the Grangemouth plant, and now whilst the corporate giants are turning over huge profits they are turning their backs on the communities who built them,” he added. Sharon Graham, the general secretary of Unite, which represents many of the refinery workers, said at the time: “Grangemouth workers are angry over the failure by the Scottish and UK governments to bring forward any proposals that support their livelihoods.”
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